Mirae Asset Global Investments has launched an open-ended equity fund investing in a maximum of 30 Indian stocks.
The Mirae Asset Focused Mutual Fund, which closes on 7 May, has the flexibility to invest across large, mid and small caps using as its benchmark the Nifty 200 Index.
The aim is to have a basket of strong growth companies, reflecting the investment house’s most attractive investment ideas in a “robust portfolio to avoid concentration risk and liquidity risk”, the company said.
Fund manager Gaurav Misra has over 23 years in fund management and research, having previously held roles at ASK Investment Managers for 13 years.
Misra has an MBA from IIM Lucknow and BA Economics (Hons) from St. Stephen’s College, Delhi.
He also co-runs the Mirae Asset India Equity Fund with Neelesh Surana Harshad Borawake.